LIV Golf faces potential bankruptcy

LIV Golf is reportedly laying the groundwork for a potential U.S. bankruptcy filing as it struggles to secure new funding.

The move comes after Saudi Arabia's Public Investment Fund reportedly pulled back on its $6 billion commitment to the breakaway circuit.

Insiders suggest the league is preparing for a Chapter 11 filing to restructure its debts as the 'civil war' in professional golf reaches a critical turning point.

The financial uncertainty has raised questions about the long-term viability of the league and its roster of high-profile stars.